Essays in corporate finance - Enlighten: Theses.
This thesis contains three chapters. The first two chapters concentrate on the sovereign debt market and study how domestic holdings of government debt and financial intermediation influence yields and equilibrium debt levels. An innovative perspective emerges from these studies: Sovereign default risk and government yields crucially depend on the size of domestic debt and on its influence on.
Cash-flow risk and world consumption: role and relevance for the cross-section of international equity returns: Issues such as foreign exchange effects, level of integration across countries, the influence of local versus global factors and heterogeneity risk become relevant when an asset pricing model is tranposed to an international framework.
Doctoral thesis: Keywords: Accounting Banking Cash Flow Financial Institutions Money View: Abstract: After the near collapse of the global financial system in 2008, much of the debate has focused on credit and asset valuation, as well as liquidity issues in the financial sector. Emphasis has been on debt and balance sheet quality, but little focus has been on the cash flow statements of banks.
The use and purpose of the Statement of Cash Flows The cash flow statement identify the sources of cash flowing into the business and shows how they have been used over a period. Companies or users need to read this statement in conjunction with trading and profit and loss accounting and balance sheet and also in the context of the statement in the previous year. (Cox, 2004) This statement.
This thesis examines the relationship between financial management and profitability of SMEs to determine whether financial management practices and financial characteristics impact on SME profitability. Objectives of the thesis are (1) to investigate and describe features of financial management practices and financial characteristics of SMEs in Vietnam, (2) to develop and test a model of SME.
The other part of this thesis looks at PD modelling. One area where there is little literature of PD modelling is in invoice discounting, where a bank lends a company a proportion of the amount it has invoiced its customers in exchange for receiving the cash flow from these invoices. Default here means that the invoicing company defaults, at.
Thesis 2017 Instructors: Marianne Viinikainen, Saimaa University of Applied Sciences The purpose of the study was to reveal the essence and significance of cash flows and their wise management in a company as well as methods how to ana-lyze them. Furthermore, the objective was to analyze the cash flow management in a case company RE Trading and provide the organization’s representatives with.